Tay says Japfa’s 3QFY2022 core net profit of US$11.4 million ($16.20 million) brought 9MFY2022 core net profit to US$66.6 million, below expectations at 68.9% of the analyst’s FY2022 estimates.
Analysts at UOB Kay Hian and CGS-CIMB Research have lowered their target prices on Japfa following its below expectations earnings result for 3QFY2022 ended September.
UOBKH analyst John Cheong has kept his “hold” call on Japfa with a target price of 57 cents from 63 cents previously, while CGS-CIMB’s Tay Wee Kuang has kept his “add” call with a target price of 72 cents from 81 cents previously.
